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In the dynamic world of forex trading, certain currencies stand out for their strength, stability, and liquidity. These currencies, often referred to as the "majors," dominate the market, making up the bulk of forex transactions. Moreover, when considering currency pair trading, it’s always a good idea to check broker reviews at Broker Reviewfx for reliable trading insights and platforms.
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Algorithmic trading, also known as algo-trading, uses a computer program that follows a set of instructions to place a trade. The goal is to generate profits at a speed and frequency that is impossible for a human trader. In forex, designers program these algorithms to identify profitable currency pairs and execute trades based on predefined parameters.
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